DGAP-News

Aareal Bank Group integrates payment provider PayPal into its own B2B platform solution

DGAP-News: Aareal Bank AG / Key word(s): Alliance Aareal Bank Group integrates payment provider PayPal into its own B2B platform solution 07.05.2021 / 09:15 The issuer is solely responsible for the content of this announcement. Aareal Bank Group integrates payment provider PayPal into its own B2B platform solution

- PayPal has 29.1 million active customers in Germany

- A milestone for the Aareal Exchange & Payment Platform (AEPP) on its way to becoming a comprehensive payment solution

- Pilot projects: first housing industry clients are already benefiting from AEPP's high efficiency

- Scalability potential by offering further services to tenants

Wiesbaden, 07 May 2021 - Aareal Bank Group is expanding the Aareal Exchange & Payment Platform solution (AEPP), which was launched in 2020, with an additional payment option: going forward, companies will be able to offer their customers payments via PayPal - including credit card payments - alongside the already integrated services offered by the provider. As a B2B platform solution and link between ERP systems and various payment providers, AEPP can be a key component for companies when it comes to efficient process management of payment transactions and additional services.

Lars Ernst, Managing Director at Aareal Bank AG, explains how significant the solution is for the strategic expansion of business models in a digital world: "The Aareal Exchange & Payment Platform is an important basis for companies entering the platform economy - where simple interactions are key to success. The AEPP enables companies from all sectors to digitalise and centrally integrate services and payment processes into their own ERP systems, thus realising material efficiency gains."

Connecting popular payment providers such as PayPal for the invoicing of services on a platform solution is an important step towards satisfying changing customer expectations. "Today's end-customers expect secure digital payment transactions in just a few clicks", emphasises Ernst. "In light of the increasing number of payment providers, it is thus becoming more and more important for companies from all sectors to have fully automated payment transactions, integrating them into the existing process landscape as efficiently as possible. This is where our platform solution comes into play."